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A theory of commerce

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Publication:1779807
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DOI10.1016/j.jet.2004.04.002zbMath1118.91063OpenAlexW1984034977MaRDI QIDQ1779807

Belén Jerez, Miquel Faig

Publication date: 1 June 2005

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10016/5318


zbMATH Keywords

Private informationDirected searchEx ante price offersRetail trade


Mathematics Subject Classification ID

Trade models (91B60)


Related Items (9)

DEGREASING THE WHEELS OF FINANCE ⋮ Endogenous search, price dispersion, and welfare ⋮ Wages as signals of worker mobility ⋮ Dynamic directed random matching ⋮ Money and price posting under private information ⋮ A model of merchants ⋮ Search, money, and inflation under private information ⋮ Constrained efficiency with adverse selection and directed search ⋮ Competitive search with ex-post opportunism



Cites Work

  • Unnamed Item
  • Competition among sellers who offer auctions instead of prices
  • On the Efficiency of Matching and Related Models of Search and Unemployment
  • Ex Ante Price Offers in Matching Games Non-Steady States
  • A Divisible Search Model of Fiat Money
  • Limits of exact equilibria for capacity constrained sellers with costly search.




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